IKEA extending lease at SEGRO Logistics Park Prague
03/05/2021
Vít Zdráhal, Head of Landlord and Tenant Representation in the Industrial team, Cushman & Wakefield: “Vacancy on the industrial property market now reaches one of its historic lows in the greater Prague area where there is an utter lack of premises to lease. SEGRO Logistics Park Prague is an ideal place within the broader Prague district, with great accessibility thanks to the nearby R6 highway exit.”
Michal Štěrba, Fulfilment Unit Operations Manager for IKEA in the Czech Republic, Hungary and Slovakia: “We have decided to prolong agreement for three years, so there is positive message towards our customers, because they continue in picking their orders up in the same location. Moreover, we are also increasing the number of non-branded pick-up points in our regions. Our customers can arrange delivery and collecting their orders in Hradec Králové, Liberec, Zlín, České Budějovice, Plzeň, Olomouc. Recently we have launched new mobile dispensing points in the Moravian-Silesian Region, specifically in Karviná, Frýdek-Místek, Havířov and Třinec.”
David Plzak, Associate Director, Development, Czech Republic SEGRO: “We are delighted that IKEA decided to trust us again and appreciates the quality of our warehouse space and logistics park services. In the era of dynamic e-commerce growth and increased focus on positive customer experience, companies such as IKEA may have an increased demand for warehouse space to streamline their supply chain and efficient business operations. Additionally, a warehouse facility tailored precisely to the needs of an entrepreneur allows for optimization of work and operating costs.”
Related News
Companies rather renegotiate than relocate
The cost of fitting out new offices is one of the factors companies consider when deciding whether to stay in their existing premises or move to new ones.
11/04/2024
Has the Czech industrial property market reached its peak?
The Czech industrial market‘s development slowed down to some extent last year after years of growth, but it is rather returning to normal after the record activity of 2021 and 2022.
20/03/2024
Hotel Investment in CEE
Cushman & Wakefield and CMS present the key findings from the fourth edition of their joint report on the hotel investment scene in CEE: Getting Real about ESG in Hotel Real Estate.
25/10/2023
Prague hotels 2021: Better results than in the preceding year but still behind 2019, investors and operators remain interested
Whereas the European average according to STR data exceeded 43%, only 26% of hotel capacity that was operational in Prague was occupied.
02/02/2022
Prague’s hotels are still performing low, yet investors’ interest in them continues
The occupancy level in Prague’s hotels was just 10 per cent during the first six months of this year. Investors’ interest in buying remains strong according to Cushman & Wakefield’s current Hotel Investor Beat survey.
17/08/2021
Prague Hotels: Decline in 2020, Potential in the Long Run
The latest STR figures show that the Prague hotel market has borne the brunt of the coronavirus crisis in Europe.
27/01/2021
Related Insights
Insights • Economy
5-minute Real Estate Market Snapshot
Research • Workplace
EMEA Office Fit Out Cost Guide - Czech Republic
Insights
Complete Asset Optimisation Guide
Insights
CEE Investment Market Outlook 2024
MarketBeat
Research
Main Streets Across the World 2023
Insights • Investment / Capital Markets
The Hotel Investment Scene in CEE